Overview
- IndustryNatural Gas Transmission1
- HeadquartersHouston, Texas1
- Incorporated inDE2
- Business address910 Louisiana Street, Suite 4200, Houston, Tx 770022
- Filer categoryAccelerated filer, Smaller reporting company2
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The Partnership was formed in May 2012. The Partnership’s executive offices are located at 910 Louisiana Street, Suite 4200, Houston, Texas 77002, and can be reached by phone at 832-413-4770. The Partnership also maintains regional field offices in close proximity to our areas of operation to support the operation and development of our midstream assets.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2023
Where the money goes
Where each dollar of revenue went, fiscal 2023
- Cost of revenue25¢$112.5M
- Other costs45¢$205.3M
- Interest31¢$140.8M
- Income tax0¢$322.0K
Out of $458.9M in revenue.4 The company lost money this year.
Where each dollar of operating cash went, fiscal 2023
- Capital spending54¢$68.9M
- Kept or used elsewhere46¢$58.0M
Out of $126.9M of cash from operations.4
Financial statements
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenue | $488.7M5 | $506.7M5 | $443.5M6 | $383.5M7 | $400.6M8 | $369.6M4 | $458.9M4 |
| Cost of revenue | $57.2M5 | $107.7M5 | $63.4M6 | $2.6M7 | $5.3M7 | $76.8M4 | $112.5M4 |
| Operating expenses | $344.8M8 | $423.1M4 | $382.3M4 | ||||
| Interest | $68.1M5 | $60.5M5 | $92.0M6 | $78.9M7 | $66.2M8 | $102.5M4 | $140.8M4 |
| Income before tax | -$28.2M8 | -$141.3M4 | -$72.5M4 | ||||
| Income tax | $341.0K5 | $33.0K5 | $1.2M6 | -$146.0K7 | -$327.0K8 | $325.0K4 | $322.0K4 |
| Net income | $85.7M5 | $42.2M5 | -$369.8M5 | $178.9M7 | -$36.6M8 | -$140.6M4 | -$51.5M4 |
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Cash | $1.4M12 | $4.3M5 | $9.5M6 | $15.5M7 | $7.3M8 | $11.8M4 | $14.0M4 |
| Receivables | $62.1M8 | $75.3M4 | $76.3M4 | ||||
| Current assets | $78.1M12 | $106.3M5 | $139.9M6 | $82.1M7 | $87.4M8 | $97.5M4 | $98.4M4 |
| Property, plant and equipment | $1.7B8 | $1.7B4 | $1.7B4 | ||||
| Intangible assets | $172.9M8 | $198.7M4 | $175.6M4 | ||||
| Total assets | $2.9B5 | $3.0B5 | $2.6B6 | $2.5B7 | $2.5B8 | $2.6B4 | $2.5B4 |
| Accounts payable | $10.5M8 | $14.1M4 | $22.7M4 | ||||
| Short-term debt | $08 | $10.5M4 | $15.5M4 | ||||
| Current liabilities | $69.0M12 | $110.1M5 | $89.5M6 | $68.4M7 | $79.2M8 | $117.9M4 | $134.0M4 |
| Long-term debt | $1.1B12 | $1.3B5 | $1.6B6 | $1.3B7 | $1.4B8 | $1.5B4 | $1.5B4 |
| Total liabilities | $1.5B12 | $1.8B5 | $1.8B6 | $1.5B7 | $1.5B8 | $1.7B4 | $1.7B4 |
| Shares outstanding | 93.6M shares5 | 6.1M shares13 | 10.0M shares7 | 10.2M shares8 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Cash from operations | $237.8M5 | $227.9M5 | $161.7M6 | $198.6M7 | $165.1M8 | $98.7M4 | $126.9M4 |
| Depreciation and amortization | $119.1M8 | $119.1M4 | $122.8M4 | ||||
| Stock-based compensation | $4.7M8 | $3.8M4 | $6.6M4 | ||||
| Capital spending | $124.2M5 | $200.6M5 | $182.3M6 | $43.1M7 | $25.0M8 | $30.5M4 | $68.9M4 |
| Free cash flow | $113.6M | $27.3M | -$20.6M | $155.5M | $140.1M | $68.3M | $58.0M |
| Cash from investing | -$165.7M8 | -$226.6M4 | -$74.8M4 | ||||
| Share buybacks | $06 | $41.8M7 | $07 | ||||
| Cash from financing | $4.7M8 | $121.8M4 | -$49.0M4 |
Corporate structure
Summit Midstream Partners, LP sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Summit Midstream Partners, LP
- Invesco Filed SC 13G/A on Summit Midstream Partners, LP, latest Sep 9, 2024 (3 filings since Apr 11, 2022)
- Zhengxu He Filed SC 13G on Summit Midstream Partners, LP, latest Mar 26, 2024
- SHENKMAN CAPITAL MANAGEMENT INC Filed SC 13G/A on Summit Midstream Partners, LP, latest Feb 13, 2024 (2 filings since Feb 14, 2023)
- ARES MANAGEMENT LLC Filed SC 13G/A on Summit Midstream Partners, LP, latest Feb 14, 2022
- ENERGY CAPITAL PARTNERS II, LLC Filed SC 13D/A on Summit Midstream Partners, LP, latest Oct 22, 2021
- Summit Midstream Partners, LP Houston, Texas
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Summit Midstream Partners, LP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $2.5B4 Dec 31, 2023 | $2.4B4 Dec 31, 2022 | +3.1% |
| Accumulated depreciation | $770.0M4 Dec 31, 2023 | $676.6M4 Dec 31, 2022 | +13.8% |
| Property and equipment, net | $1.7B4 Dec 31, 2023 | $1.7B4 Dec 31, 2022 | −1.2% |
| Finance-lease assets | $2.4M4 Dec 31, 2023 | $1.4M4 Dec 31, 2022 | +72.8% |
| Operating-lease assets (leased space) | $10.4M4 Dec 31, 2023 | $11.6M4 Dec 31, 2022 | −11.0% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $14.0M4 Dec 31, 2023 | $11.8M4 Dec 31, 2022 | +18.9% |
| Stakes in other companies (equity method) | $486.4M4 Dec 31, 2023 | $506.7M4 Dec 31, 2022 | −4.0% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Intangible assets, net (excluding goodwill) | $175.6M4 Dec 31, 2023 | $198.7M4 Dec 31, 2022 | −11.6% |
| Indefinite-lived intangibles (excluding goodwill) | $8.4M4 Dec 31, 2023 | $8.4M4 Dec 31, 2022 | 0% |
| Accumulated amortization | $329.7M4 Dec 31, 2023 | $301.3M4 Dec 31, 2022 | +9.4% |
| Finite-lived intangibles, net | $167.2M4 Dec 31, 2023 | $190.3M8 Dec 31, 2022 | −12.2% |
Leadership
Who has led Summit Midstream Partners, LP, and when. Pick a name to see everywhere that person has worked.
Board members and other officers (20)
- OfficerMatthew B. Sicinski Feb 17, 2022 to Aug 2, 202414
- OfficerWilliam J. Mault Feb 17, 2022 to Aug 2, 202415
- OfficerJ. Heath Deneke Sep 18, 2019 to Aug 2, 202416
- OfficerMarc David Stratton Dec 13, 2018 to Mar 8, 202217
- OfficerDavid K. Kimsey Mar 7, 2016 to Jul 22, 201618
- OfficerLouise E. Matthews Aug 11, 2016 to Mar 17, 202019
- OfficerLeonard Wayne Mallett Dec 3, 2015 to Mar 25, 202020
- OfficerJesse Wood Jan 31, 2013 to Mar 19, 201321
- OfficerBrad N. Graves Sep 27, 2012 to Mar 18, 201922
- OfficerBrock M. Degeyter Sep 27, 2012 to Mar 25, 202023
- OfficerRene L. Casadaban Sep 27, 2012 to Sep 30, 201524
- OfficerSteven J. Newby Sep 27, 2012 to Mar 16, 201825
- Board memberJames J. Cleary Mar 17, 2023 to Aug 2, 202426
- Board memberJames Lee Jacobe Mar 17, 2023 to Aug 2, 202427
- Board memberJerry L. Peters Mar 17, 2023 to Aug 2, 202428
- Board memberMarguerite Woung-Chapman Mar 17, 2023 to Aug 2, 202429
- Board memberRobert Joseph McNally Mar 17, 2023 to Aug 2, 202430
- Board memberRommel M. Oates Mar 17, 2023 to Aug 2, 202431
- Board memberJ. Heath Deneke Sep 18, 2019 to Aug 2, 202416
- Board memberSteven J. Newby Sep 27, 2012 to Mar 16, 201825
Timeline
- Aug 9, 20248-K Results of operations32
- Aug 1, 20248-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights33
- Jul 29, 20248-K Entered a material agreement; Ended a material agreement; New debt or obligation34
- Jul 19, 20248-K Shareholder vote35
- Jul 17, 20248-K Regulation FD disclosure; Other events36
- Jul 17, 20248-K Other events37
- Jun 24, 20248-K Ended a material agreement38
- Jun 17, 20248-K Regulation FD disclosure39
- Jun 7, 20248-K Regulation FD disclosure40
- Jun 7, 20248-K Other events41
- Jun 3, 20248-K Entered a material agreement; Other events42
- May 22, 20248-K Executive or director change43
Calendar
When it reported results
- Aug 9, 2024Reported quarterly or annual results32
- May 2, 2024Reported quarterly or annual results44
- Mar 15, 2024Reported quarterly or annual results45
- Nov 3, 2023Reported quarterly or annual results46
- Oct 5, 2023Reported quarterly or annual results47
- Aug 10, 2023Reported quarterly or annual results48
- May 5, 2023Reported quarterly or annual results49
- Feb 24, 2023Reported quarterly or annual results50
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
183 filings to the SEC since October 2021: 3 annual reports, 9 quarterly reports, 53 major events, 74 insider forms, 8 large holders, 36 other. The latest 20:
- Sep 9, 2024SC 13G/A SEC SCHEDULE 13G EDGAR
- Aug 12, 202415-12G EDGAR
- Aug 9, 202410-Q EDGAR
- Aug 9, 20248-K CURRENT REPORT EDGAR
- Aug 9, 2024S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 EDGAR
- Aug 9, 2024S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 EDGAR
- Aug 9, 2024S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 EDGAR
- Aug 9, 2024S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 EDGAR
- Aug 9, 2024RW WITHDRAWAL REQUEST EDGAR
- Aug 2, 20244 EDGAR
- Aug 2, 20244 EDGAR
- Aug 2, 20244 EDGAR
- Aug 2, 20244 EDGAR
- Aug 2, 20244 EDGAR
- Aug 2, 20244 EDGAR
- Aug 2, 20244 EDGAR
- Aug 2, 20244 EDGAR
- Aug 2, 20244 EDGAR
- Aug 2, 20244 EDGAR
- Aug 1, 20248-K CURRENT REPORT EDGAR
The 183 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
20 open-market trades by officers, directors and large owners since October 2021: 0 buys and 20 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| May 14, 2024 | PETERS JERRY LDirector | Sale | 10,000 | $34.03 | $340.3K | Form 4 |
| Mar 22, 2024 | Johnston James DavidSee remarks below. | Sale | 3,400 | $25.21 | $85.7K | Form 4 |
| Mar 15, 2024 | Johnston James DavidSee remarks below. | Sale | 600 | $20.25 | $12.2K | Form 4 |
| Mar 6, 2024 | Johnston James DavidSee remarks below. | Sale | 3,300 | $20.25 | $66.8K | Form 4 |
| Feb 29, 2024 | Johnston James DavidSee remarks below. | Sale | 700 | $21.10 | $14.8K | Form 4 |
| Nov 10, 2023 | Johnston James DavidSee remarks below. | Sale | 531 | $20.47 | $10.9K | Form 4 |
| Nov 9, 2023 | Johnston James DavidSee remarks below. | Sale | 1,995 | $20.19 | $40.3K | Form 4 |
| Nov 8, 2023 | Johnston James DavidSee remarks below. | Sale | 260 | $20.03 | $5.2K | Form 4 |
| Nov 7, 2023 | Johnston James DavidSee remarks below. | Sale | 1,594 | $20.03 | $31.9K | Form 4 |
| Nov 6, 2023 | Johnston James DavidSee remarks below. | Sale | 817 | $20.23 | $16.5K | Form 4 |
| Nov 2, 2023 | Johnston James DavidSee remarks below. | Sale | 241 | $20.05 | $4.8K | Form 4 |
| Oct 5, 2023 | Johnston James DavidSee remarks below. | Sale | 2,562 | $20.05 | $51.4K | Form 4 |
| Jun 15, 2023 | Johnston James DavidSee remarks below. | Sale | 1,487 | $17.00 | $25.3K | Form 4 |
| Mar 15, 2023 | Johnston James DavidSee remarks below. | Sale | 88 | $17.00 | $1.5K | Form 4 |
| Mar 7, 2023 | Johnston James DavidSee remarks below. | Sale | 1,575 | $19.00 | $29.9K | Form 4 |
| Dec 15, 2022 | Johnston James DavidSee remarks below. | Sale | 1,575 | $17.85 | $28.1K | Form 4 |
| Oct 24, 2022 | Johnston James DavidSee remarks below. | Sale | 1,557 | $19.00 | $29.6K | Form 4 |
| Oct 17, 2022 | Johnston James DavidSee remarks below. | Sale | 1,591 | $17.02 | $27.1K | Form 4 |
| Sep 20, 2022 | Johnston James DavidSee remarks below. | Sale | 2 | $17.00 | $34 | Form 4 |
| Aug 11, 2022 | Johnston James DavidSee remarks below. | Sale | 1,575 | $17.00 | $26.8K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- InvescoSC 13G/A, 3 filings Apr 11, 2022 to Sep 9, 202451
- Zhengxu HeSC 13G, 1 filing Mar 26, 202452
- SHENKMAN CAPITAL MANAGEMENT INCSC 13G/A, 2 filings Feb 14, 2023 to Feb 13, 202453
- ARES MANAGEMENT LLCSC 13G/A, 1 filing Feb 14, 202254
- ENERGY CAPITAL PARTNERS II, LLCSC 13D/A, 1 filing Oct 22, 202155
SEC filer profile
How Summit Midstream Partners, LP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARSummit Midstream Partners, LP1
- CIK0001549922
- Employer ID (EIN)45-52005031
- Filer statusAccelerated filer<br>smaller reporting company1
- Incorporated inDelaware1
- Fiscal year endsDecember 311
- Industry code (SIC)4922 Natural Gas Transmission1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business address910 Louisiana Street, Suite 4200, Houston, TX 770021
- Phone832-413-47701
- Shares outstanding10,648,685 as of Apr 30, 202410
- Public float$168.6M as of Jun 30, 20234
- On EDGAR sinceJun 11, 20121
- Filings814 in all: 4 (280), 8-K (195), SC 13G/A (38), 10-Q (36), 3 (34), CORRESP (22), 424B3 (21), SC TO-I/A (20)1
All 50 form types
UPLOAD (16), SC 13G (15), 10-K (12), 424B5 (10), EFFECT (10), SC 13D/A (10), 425 (8), 8-K/A (8), 144 (6), FWP (6), S-8 (5), DEFA14A (4), S-1/A (4), S-8 POS (4), SC TO-I (4), 10-Q/A (3), CT ORDER (3), DEF 14A (3), POS AM (3), S-1 (3), S-3 (3), S-3/A (3), 4/A (2), 424B2 (2), POSASR (2), S-3ASR (2), SEC STAFF LETTER (2), 10-K/A (1), 15-12G (1), 25-NSE (1), 3/A (1), 424B4 (1), 5 (1), 8-A12B (1), CERTNYS (1), DEF 14C (1), DEFM14A (1), DEL AM (1), RW (1), S-4 (1), S-4/A (1), SC 13D (1)
- Latest filingsAnnual report (10-K) Mar 15, 2024
Quarterly report (10-Q) Aug 9, 2024
Proxy statement (DEF 14A) Apr 9, 2024
Latest 8-K (8-K) Aug 9, 2024
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
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- 12
- 13
- 14SEC EDGARMatthew B. Sicinski, Officer
- 15SEC EDGARWilliam J. Mault, Officer
- 16SEC EDGARJ. Heath Deneke, Officer
- 17SEC EDGARMarc David Stratton, Officer
- 18SEC EDGARDavid K. Kimsey, Officer
- 19SEC EDGARLouise E. Matthews, Officer
- 20SEC EDGARLeonard Wayne Mallett, Officer
- 21SEC EDGARJesse Wood, Officer
- 22SEC EDGARBrad N. Graves, Officer
- 23SEC EDGARBrock M. Degeyter, Officer
- 24SEC EDGARRene L. Casadaban, Officer
- 25SEC EDGARSteven J. Newby, Officer
- 26SEC EDGARJames J. Cleary, Board member
- 27SEC EDGARJames Lee Jacobe, Board member
- 28SEC EDGARJerry L. Peters, Board member
- 29
- 30SEC EDGARRobert Joseph McNally, Board member
- 31SEC EDGARRommel M. Oates, Board member
- 32SEC EDGARResults of operations
- 33
- 34
- 35SEC EDGARShareholder vote
- 36
- 37SEC EDGAROther events
- 38SEC EDGAREnded a material agreement
- 39SEC EDGARRegulation FD disclosure
- 40SEC EDGARRegulation FD disclosure
- 41SEC EDGAROther events
- 42
- 43SEC EDGARExecutive or director change
- 44
- 45
- 46
- 47
- 48
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